Proficio Capital Partners LLC Purchases Shares of 12,324 MSC Industrial Direct Co., Inc. (NYSE:MSM)

Proficio Capital Partners LLC bought a new position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,324 shares of the industrial products company's stock, valued at approximately $920,000.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew its position in MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock worth $35,000 after purchasing an additional 141 shares in the last quarter. Allworth Financial LP grew its holdings in shares of MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock valued at $35,000 after buying an additional 342 shares in the last quarter. UMB Bank n.a. raised its position in MSC Industrial Direct by 54.0% during the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock valued at $36,000 after buying an additional 167 shares during the period. Synergy Asset Management LLC purchased a new stake in MSC Industrial Direct in the 4th quarter worth about $36,000. Finally, V Square Quantitative Management LLC boosted its position in MSC Industrial Direct by 77.0% during the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company's stock worth $40,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Analyst Ratings Changes

MSM has been the subject of a number of research analyst reports. Stephens lowered shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price target for the company. in a research report on Wednesday, December 4th. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an "outperform" rating and a $95.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, MSC Industrial Direct has an average rating of "Hold" and an average price target of $83.80.

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MSC Industrial Direct Stock Performance

Shares of NYSE MSM traded down $0.94 during trading hours on Tuesday, hitting $79.16. 487,137 shares of the stock were exchanged, compared to its average volume of 597,186. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $100.35. The company's 50 day moving average is $80.30 and its 200 day moving average is $81.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. The firm has a market capitalization of $4.42 billion, a P/E ratio of 18.89 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.13. The company had revenue of $928.50 million during the quarter, compared to analyst estimates of $904.90 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The company's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. On average, research analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.